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201 Loranne Ave Pomona, CA 91767

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18,950 SF, 6.70% Cap Rate, NNN Lease

Property size:
18,950 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional investment opportunity presents two single-story, Class B industrial buildings totaling 18,950 square feet, situated on a combined 39,993 square foot lot in Pomona, CA. The property boasts a 100% occupancy rate with a corporate-guaranteed, single tenant NNN lease in place. The lease commenced January 1, 2023, and has a remaining term of 5.1 years, expiring December 31, 2029, with two lease options available. The current annual net operating income (NOI) is $341,833, yielding a 6.70% cap rate. The property features four dock-high loading doors, four loading docks, and a 27-foot ceiling height. Conveniently located near the 10, 71, and 60 freeways, this property offers a strategic location with easy access to major transportation routes. The buildings are zoned M1 and include a private fenced yard. The sale price is $2,447,500 per unit, with a 3% annual rent bump built into the lease. The property consists of two buildings located at 201 and 204 N Loranne Ave, Pomona, CA 91767, with APN numbers 8326-018-029, 8326-021-032, and 8326-021-009. This is a rare opportunity to acquire a stable, high-performing cold storage facility with significant upside potential. The property is ideally suited for a long-term, passive income investment strategy.

Property Features for 201 Loranne Ave

General Information

Property type
Refrigerated & Cold Storages
Square Feet
18,950 SF
Class
B

Building Details

Buildings
2
Stories
1
Units
2

HighLights

  • Year 1 Cap Rate: 5.53%
  • Year 2 Cap Rate: 5.72%
  • Year 3 Cap Rate: 7.02%
  • Year 4 Cap Rate: 7.18%
  • Year 5 Cap Rate: 7.40%
  • Year 6 Cap Rate: 7.62%
Property Profile Location Intelligence

Current Use by Public Records

Refrigerated & Cold Storages

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Pomona
County
Los Angeles
State
California
Longitude
-117.7305519362
Latitude
34.060331676541

FAQs

What type of property is this?
Refrigerated / Cold Storage - 18,950 SF, 6.70% Cap Rate, NNN Lease
Where is this refrigerated / cold storage located?
The property is located at 201 Loranne Ave Pomona, CA.
What are key features of this property?
This property features: Year 1 Cap Rate: 5.53%; Year 2 Cap Rate: 5.72%; Year 3 Cap Rate: 7.02%
More about this property
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